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112A, 1012 Spring Creek Drive
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Beds
1
Baths
1
Sqft
655
Year
2022
Type
Single Family
On market
39d
TOURIST HOME (zoned for short term rentals) Welcome to Spring Creek — one of Canmore’s most sought-after luxury communities, where mountain living meets walkable convenience in the heart of town. Perfectly positioned in the Tamarack building, this beautifully appointed home offers modern comfort just steps from some of Canmore’s most exciting dining and shopping destinations, including Bridgette Bar, the Spring Creek Market, cafés, boutiques, and the area’s newest steakhouse.Inside, the home features a bright and thoughtfully designed open-concept layout with high-end finishes throughout. The kitchen is both stylish and functional, showcasing sleek cabinetry, quartz countertops, stainless steel appliances, and a large island that flows seamlessly into the dining and living areas — ideal for entertaining or relaxing after a day in the mountains. The living space is warm and inviting with a cozy fireplace and large windows that bring in natural light.Tamarack offers excellent amenities including a hot tub and wellness area, secure underground parking, and easy access to the pathways and creekside trails that make Spring Creek such a special place to live.Located just minutes from downtown Canmore yet tucked into a peaceful alpine setting, this apartment offers the best of both worlds — luxury mountain living with incredible walkability. Whether you're looking for a full-time residence, vacation retreat, or investment property in one of the Bow Valley’s premier neighbourhoods, this Spring Creek property delivers an exceptional lifestyle opportunity. This unit is zoned TOURIST HOME and can be rented short term on platforms like Airbnb with over $85,000 gross revenue per year. Price includes GST that can be deferred by new buyer. Please consult an accountant. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12.67 Ft x 8.25 Ft | |
| Dining room | 10.17 Ft x 8.00 Ft | |
| 3pc Bathroom | 5.00 Ft x 8.42 Ft | |
| Primary Bedroom | 10.25 Ft x 11.33 Ft | |
| Living room | 12.58 Ft x 12.08 Ft | |
| Laundry room | 5.17 Ft x 7.67 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.54%
Cap rate
3.56%
GRM
16.6
Break-even rent
$5,746
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Canmore. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.